870 East 7th Street, Unit 224

Ocean City, NJ 08226

$248,000
Last Sold Price
Studio
Beds
1
Bath
260 Sq. Ft.
$954 / Sq. Ft.
260
Sq. Ft.
$954
per Sq. Ft.

Description

Location, location, location! This rarely offered King Studio unit in Ocean 7 Condominiums is conveniently located just steps from the boardwalk and beach at 7th Street. The unit sleeps two adults and two kids with one king bed plus a daybed with a trundle. Nice kitchenette with granite counter, glass cooktop, microwave, and fridge. One full bath. Sale includes all furniture and appliances making it an easy turnkey investment. Consistent rental history exceeding $30,000 per season. Ocean 7 has all...Location, location, location! This rarely offered King Studio unit in Ocean 7 Condominiums is conveniently located just steps from the boardwalk and beach at 7th Street. The unit sleeps two adults and two kids with one king bed plus a daybed with a trundle. Nice kitchenette with granite counter, glass cooktop, microwave, and fridge. One full bath. Sale includes all furniture and appliances making it an easy turnkey investment. Consistent rental history exceeding $30,000 per season. Ocean 7 has all the conveniences of hotel living, with on-site management, front desk check-in, linens, and maid service. Building amenities include a heated pool with sundeck, elevator, off-street parking for one vehicle, and a personal storage locker for your personal items. Condo fees include electric, water, sewer, flood & hazard insurance, common area maintenance, cable TV, and Wi-Fi! You just pay personal insurance and taxes. Ocean 7 is a seasonal building open from April to October. You can use the unit as your personal escape but if you decide to rent, all rentals must go through the front desk program.
  1. Listed by Francis Brady • Fox Real Estate - Beachwatch

Property Details for 870 East 7th Street, Unit 224

City/Community
Ocean City
Class
CONDOMINIUM
Parking - Exterior
One Car
Waterfront (Y/N)
Yes
LISTING UPDATED: 07/16/2024 09:27 AM

Property Details for 870 East 7th Street, Unit 224

StatusSold
MLS #584339
Days on Market60
Taxes$1,283 / year
HOA Fees$284
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCONDOMINIUM / Condo
Year Built1972
CountyCape May County

Building Information for 870 East 7th Street, Unit 224

Building/ComplexOcean 7Floor2Stories3Residences-Pet Policy-Year Built1972

Property Information for 870 East 7th Street, Unit 224

Summary
Location and General Information
  • Address: 870 E 7th Street
  • Address Direction: E
  • Address Number: 870
  • Address Search Number: 870
  • Address Street: 7th
  • Area: Ocean City/Central
  • Condo Name: Ocean 7
  • County: Cape May
  • Directions: Atlantic Ave to East on 7th Street.
  • Fips Code: 34009
  • Location: Boardwalk Front
  • State: NJ
  • Street Designation: Street
  • Style: Converted Motel
  • Unit #: 224
  • Unit Location: Second Floor
  • Zip: 08226
Parking
  • Garage: None
  • Monthly Parking Fee: $0
Taxes and HOA Information
  • Assoc Fee Includes: Amenities, Electric, Management, Sewer, Trash, Water, Other Utilities, Hot Water, Air Conditioning, Heat, Cable, Pool
  • LVT Date: 04-19-2024
  • Management: Association, On-Site Professionals
  • Monthly Assoc Fees: $284
  • Tax Year: 2024
  • Taxes: 1283
Property
Lot Information
  • Approved Short Sale?: N/A
  • Approx SQFT: 260
  • Block #: 701
  • Lot #: 15-C224
Property and Assessments
  • # of Levels in Unit: One
  • # of Stories in Bldg: Three to Five
  • Age: 25+ Years
  • Also Includes: Curtains, Furnished
  • Associated Document Count: 2
  • Common Area Features: Cable TV, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Pool, Storage Facility
  • Doc Timestamp: 04-19-2024
  • Estate Y/N: No
  • Flood Plain (Y/N): Yes
  • Improved Value: $65,700
  • Land Value: $54,100
  • New Construction: No
  • Total Assessment: 119800
  • Water: Public Water
  • Year Built: 1972
  • Adult Community/55+: No
Utilities
  • Full Baths: 1
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Siding/Exterior: Brick, Stucco
Interior Features
  • Air Conditioning: Electric, Wall Units
  • Appliances: Electric Stove, Microwave, Refrigerator
  • Bedrooms: 0
  • Half Baths: 0
  • Heating: Forced Air
  • Rooms: 2
  • Unit Features: Elevator
Multi Family
Multi-Family Information
  • Limited Service (Y/N): No
Rental
Rental Information
  • Pets: No pets allowed

Property History for 870 East 7th Street, Unit 224

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 870 East 7th Street, Unit 224

Taxable ValueLand$54,100Additions$65,700Total$119,800
Tax Record2023$1,283 ($107 / month)
Home Facts
Beds0Total Finished SqFt260 SqFtAbove Grade Finished SqFt260 SqFtStories1Lot Size33,201 SqFtStyleCondominiumYear Built1972CountyCAPE MAYAPN08 00701-0000-00015-0000-C224

Schools near 870 East 7th Street, Unit 224

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Fox Real Estate - Beachwatch

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.